RMAFC urges closer collaboration with revenue regulatory agencies

RMAFC urges closer collaboration with revenue regulatory agencies

Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has called for increased collaboration and cooperation with revenue regulatory agencies to enhance revenue accruals to the Federation Account.


The Chairman of RMAFC, Mr Elias Mbam, made the call in a statement by the commission’s Public Relations Officer, Mr Nwachukwu Christian, on Wednesday in Abuja.


Mbam made the call at a stakeholders meeting with the heads of the revenue regulatory agencies in Abuja.

He said that the meeting was convened to familiarise the regulatory agencies with the mandate and activities of the commission.


Mbam also said that it would enable RMAFC and the agencies to collaborate, particularly in the ongoing Reconciliation of Revenue Remittances into the Federation Account from Jan. 1, 2016 to Dec. 31, 2019.


“It is the responsibility of the commission to monitor all the accruals of revenue to and from the Federation Account, while blocking leakages,” he said.


The chairman said that the commission had engaged the services of consultants to facilitate the achievement of the goals of the exercise.


Mbam said that the commission was also collaborating with the Economic and Financial Crimes Commission (EFCC) in the exercise.


He recalled that President Muhammadu Buhari had charged the commission to use all legal means to strengthen its monitoring mechanism and block leakages of revenues to the Federation Account.


“In pursuit of this and to ensure optimal results, the commission deems it necessary to fully collaborate with all the regulatory agencies of revenue collecting agencies,” he said.


Mbam urged the heads of the revenue regulatory agencies to ensure that the agencies under them cooperated with the consultants by releasing their books and records to ensure a hitch-free exercise.

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